A new survey by credit reporting agency Experian suggests that
41% of shoppers felt obligated to spend more than they could on
holiday gifts. Additionally, 60% of consumers said that
gift-giving puts a strain on their finances, reports Ted Knutson.

"Not surprisingly, the higher the income of the
respondents, the less stress they feel. Yet nearly a third of
shoppers from households with over $100,000 per year in income
said they found they had to resist pressure to add to credit card
debt," reports Knutson.

"If a teenager is motivated to invest, the best thing
you can do is to help them get started," writes Carrie
Schwab-Pomerantz. "Either a custodial brokerage account or
a custodial Roth IRA offers a young person a chance to learn
investing basics."

"When the [teen] is ready to make his first
investment, there are a couple of ways to go. One approach would
be to buy a mutual fund or ETF so he'd get instant
diversification in a single investment.However, he
might find it more engaging to buy a few shares of companies that
he's familiar with or has an interest in—for example, a
technology, entertainment or sports company," suggests
Schwab-Pomerantz.

"Seniors are losing an estimated $36 billion each year to
elder financial abuse, and things may not get better anytime
soon: By 2050, the number of people age 65 and older with
Alzheimer’s disease may nearly triple, from 5.1 million to a
projected 13.8 million," reports Charles
Paikert.

As such, Fidelity is out with a new program to help firms
work better with older clients. They suggest that advisors should
discuss the subject of dementia with them, should reach out
frequently, develop stronger relationships with the person's
family, regularly review the Investment Policy Statement, and be
on the lookout for irregular spending habits.

UBS nabbed two teams affiliated with Credit Suisse managing
a combined asset base of over $2 billion in California
and Massachusetts. Meanwhile, Morgan Stanley
also scooped up an ex-Credit Suisse team advising clients with
more than $5 billion in assets, which will be joining the
wirehouse in New York, reports Marlene Y. Satter.

“We are pleased to welcome this exceptional team to
Morgan Stanley,” said Vince Lumia, head of Morgan Stanley Private
Wealth Management, in a statement. “They are well regarded in the
industry, provide first class service to their clients, and are a
welcomed addition to the firm.”